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Statoil threatens to be thrown out of Libya if it does not resume oil production

Monday, 21 March 2011
Libya's Oil Minister Shokri Ghanem has threaten to cancel contracts to Statoil and other Western oil companies if they do not immediately start up oil production in the country.

According to Norwegian news paper, Dagens N�ringsliv, Ghanem threatens that the contract would be given to the Chinese and Indian companies. These countries and their companies are apparently ready to extract oil irrespective of the situation on the country.

At a press conference in Tripoli at the weekend, when the international forces began bombing targets in Libya, Ghanem said that there will be consequences for the oil companies that do not come back to resume oil production.
“We will consider giving contracts outside the tender process for new operators who are willing to come and work in the country. We want to increase oil production,” he said.

India, Brazil and China should be a country that would be considered by Libya as new partners.
Statoil operates two oil fields in Libya, but has no plans to return soon.
“We closed the office on the 21st February due to security situation and to protect the safety of our employees. The office is still closed for the same reason, "said Statoil press official B�rd Glad Pedersen to the Norwegian press.

He would not comment on the statements of Shokri Ghanem, but says that the group is awaiting the situation and to see what happens before they do anything. Clearly other Western oil companies have no immediate plans to return.
By Scancomark.se Team

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